Reasons to Sell Your Luxury Home at Auction

Jess LeeNews

If you are looking to sell your luxury home in Destin, you need to know that you have more options available to you other than simply listing the home online and putting a sign in the front yard. If you enjoy convenience, value your time, and want to be able to control the process, then selling your home at auction may be the right choice for you. As Realtors with extensive experience in this capacity, we can offer some insight to see if an auction is a good fit.

The most popular reason we believe most sellers benefit from selling their home at auction is because they control the timeline. We live in a fast-paced world and many professionals simply do not have any time to waste. If you have the time to wait while the home is shown, sometimes repeatedly to the same potential buyers, then you might be fine with traditional methods. If you want to choose a date and rest assured that your home will be sold on that date so you can plan your next move, then an auction affords you that opportunity and control.

Now, just because you control the timeline does not mean you forfeit any of your control of the price. As the seller, you set your reserve price, which is the minimum amount you will accept for the property. You have done your research. You know what your home is worth and what you will be happy with. You absolutely do not have to settle for less than that. You can also choose to not set a reserve and let the buyers set the final bid at absolute auction. The buyers have also done their research and know what they are willing to pay. Auctions are competitive and participating buyers know that.

In addition to the streamlined sales process, luxury home auctions can be a fantastic marketing tool. As professionals, we know exactly how to market and to whom to create a sense of exclusivity and urgency. Our impressive marketing plans draw attention to properties, and just as important, they draw the right attention.

One of the most obvious benefits of this method is that auctions attract serious buyers. Using traditional selling methods, potential buyers can add months to the selling process by touring the home repeatedly, making soft offers, and negotiating the price. In some cases, they make an offer only to find they are not financially qualified, thus wasting your time. Buyers who attend auctions come prepared. They are not casually browsing, they are looking to buy.

If you are considering selling your property and would like to know more about luxury home auctions in Destin, Sarasota, or Naples, please do not hesitate to contact us. Our knowledgeable Realtors are happy to answer any questions you may have about the process. At Luxury Estates Auction Company, we are dedicated to guiding our clients every step of the way, and in ensuring the value of their real estate.